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International Business: Sri Lanka in talks for $100 million funding from Beijing-backed bank – Gulf Digital News

May 9, 2022
Source: writecaliber.com writecaliber.com
News Snapshot:
International Business: Sri Lanka in talks for $100 million funding from Beijing-backed bank – Gulf Digital News International Business: Sri Lanka in talks for $100 million funding from Beijing-backed bank – Gulf Digital News COLOMBO: The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said yesterday. Sri Lanka has requested foreign-exchange liquidity support for state banks from the lender, it said in a statement. Hit hard by the pandemic, rising oil prices and populist tax cuts by the government of President Gotabaya Rajapaksa, the South Asian island’s economy...
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